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Below is an Interesting article I found, which says that.....Do not
* [; B& B7 ]* U. p% R, Rexpect much from Crude Oil producers and future is not with the
; g& m# ?9 l& Z% G ncompanies producing Jet fuels but Biofuels. Also no wonder if some of ! s$ r f: `1 b$ _$ X/ H2 h# h; {
these oil producer will go bankrupt or out of the business even if / `3 |- }/ o5 v0 [
crude prices improves. This implies also to good names such as Shell,
0 \7 p0 F" q+ ^ \, G# v$ qEXXON, BG, BP, Cheveron ....xyz.. oils / @8 |" T" t9 N9 D! ]! A; z
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Recently OPEC reduced crude oil production twice over just a few
1 N1 F3 O- q( q( T. |months. There are three wars going on in Gaza, Iraq and Afghandistan. / g9 L5 r3 z8 U; W! J
A year ago these things would have spiked the price of crude oil by at ) e9 p. z; N; X5 i) z
least $50.00 per barrel. Today, oil price declined by a record amount. , m7 P: \3 `' u% F% l% n) {
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There are several reasons the price of oil is decreasing in the face & X; F& t' J4 D4 `7 K
of so much news. These reasons are: 5 P4 ?. E% P n- O0 C1 M; m# _5 ?2 a
+ [ c: c: d" l% u' P) o! X. `
0 M N' z' \( E1 C$ _. Q1. New oil has been found in Canada, Montana, North & South Dakota and
2 {8 ?, u" C3 |" _: J' [in the ocean near Brazil. Each of these oil fields has more oil than / t4 W& ]: v3 } F9 {
Arabia. . s% W$ E/ ^% u- d2 }! Z6 T: B
" ?+ m2 y% [$ O. i4 R! _# c1 X# P0 t+ s! ]8 Y' v% b1 a
2. New natural gas has been found in Pennsylvania and West Virginia.
+ v) I& m( P- \6 f lThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
# [4 C' Q4 Q N3 t; ebeing used to double their output. 5 z8 P' S! y0 v& N
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7 [+ }. u ?- R& D& T4. Production of bio-fuels is beginning to reach critical mass. Bio " x& W6 U& C" X6 w
fuel is being produced from many plants and algae. The production
& p$ k% B0 O. H. ?" D* x% Wpotential per acre in some cases is astounding. Many countries are 8 U) n& @' g& s ?9 N4 N
racing to produce bio fuels. - }& O4 n: H7 G+ e7 w
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5. Virtually every restaurant in the US and all food processing plants
" p4 I, E" r( p- v4 r6 b5 W# rare now selling their used oil to bio-diesel producers. Every pork,
* I3 y) J, H1 x+ `) Rcattle, turkey and chicken processing plant will soon sell their fat
+ Z7 Q7 r8 [2 P* V$ N* ito bio-diesel producers. One pork processing plant in Oklahoma is
/ U @, K: B$ X) Iproducing 30,000 gallons of bio-diesel per day from pork fat. 9 I, j- a t8 q& b( }" ]
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* r+ e/ O6 B% |, L1 I6. There are 99 nuclear reactors in various stages of planning and
, |- H+ V" q' }8 k! _6 ?' Xconstruction around the world at this time. Several hundred more are
0 q' [6 f# E$ k* |( J d0 nexpected to be built in the future. Much of the energy they produce
3 H3 H! n& p6 h. i7 n# i( x( Twill replace oil. $ G4 U! s5 @; Y
2 v) q9 h0 V, P1 P" H6 Y* C
" [# ]: J5 u" }& O6 ^' K3 L9 ?7. Every company in any form of transportaion business is replacing
6 D1 J# q. a( l5 T& colder equipment such as trucks, airplanes, train engines, ships, etc. ) C& E: D8 V1 J- B
with new more fuel efficient equipment. Airlines and railway companies
3 }- i3 c8 z! W* n5 y5 g- U7 pare experiencing 20% to 25% better fuel econony with the new
1 P% O; H6 G% ^8 D9 G. eequipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio- b) G H- |6 T" I+ Y& x! i
fuel is cleaner and performs better than jet fuel. & C+ r$ R; |! @" U0 R0 k7 R
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, q( }# ^8 w* X0 g& V& N8 F' L8. Cities and counties throughout the US are selling the rights to 7 L, |; s# C: T; G) O5 q" n
capture methane gas from landfills. This is a huge source of gas
! A" p7 ]9 Z" y* G7 [& t w }available at very little cost or risk. The gas is displacing crude
$ O5 T' o2 c- U9 V7 v8 _oil.
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
1 I$ A8 u! {- W; h5 Sproduced as a byproduct is sold to oil companies for injection into
3 q5 Z# u" }1 u( _2 z/ k A* toil wells. " N* a3 ~6 |# Z/ y( J9 `7 t
8 n# t# n4 B" I
0 H8 ^3 u5 ?& \$ {2 c! n* y+ _8 v
10. Solar, wind and ocean energy is displacing oil as an energy
2 B' E& A& B! \0 f+ Csource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the " E5 G! D" R% L( `; s. ~
price of crude oil but the sum of all of them together is world
* `( p8 b- O- m5 uchanging. The important thing is that OPEC no longer has the ability ) U* y. N, }6 l- ?5 u* m3 e7 p, q& v
to control oil prices. + n( b! H# [$ C. t
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* p* m$ @2 X: v6 }0 G- m3 `With the above scenario, I still believe that there are under
2 }) k- }' D3 a1 Aperformed OIL companies and probably they are yet to get the justified # \; S, R2 l7 l; F5 T9 {
value .....
9 H1 R W' \+ m& NIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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1 q# Q6 v6 ~* Q0 b' c
& R" }( b6 \( U/ o1 LThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
( f! u- E$ Z" `0 [: G2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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